H.R.4352 - Flood Insurance Integrity Act of 2014113th Congress (2013-2014)
|Sponsor:||Rep. Bilirakis, Gus M. [R-FL-12] (Introduced 04/01/2014)|
|Committees:||House - Financial Services|
|Latest Action:||House - 04/01/2014 Referred to the House Committee on Financial Services. (All Actions)|
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Summary: H.R.4352 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in House (04/01/2014)
Flood Insurance Integrity Act of 2014 - Directs the Comptroller General (GAO) to review every four years the rate tables established by the Federal Emergency Management Agency (FEMA) for implementing the national flood insurance program under the National Flood Insurance Act of 1968 (NFIA), and determine whether: (1) the chargeable premium rates for flood insurance coverage determined by those tables are actuarially sound, based on standard actuarial practices used in the private sector; and (2) such chargeable premium rates are sufficient to ensure the long-term financial sustainability of the national flood insurance program.
Directs GAO to review annually the process for establishing and updating flood insurance rate maps and determine the degree of accuracy of the mapping process.